"The increased demand for point-to-point service requires the use of transshipment hubs to coordinate feeder services to and from countries and ports with low-volume throughput," said Mike Lee, Consultant, Transportation & Logistics, Asia Pacific at Frost & Sullivan. He added that there has been a universal shift from transporting bulk or loose goods to transportation by containers due to the benefits offered by containerization such as safety, cost, speed, and convenience. "This is expected to drive growth in the container ports market in the short to medium term, especially from India where the level of containerization remains low," Lee said. New analysis from Frost & Sullivan Strategic Insights on Asia Pacific Container Ports Market, finds that the Asia Pacific container ports handled over 264 million TEUs in 2008 and estimates this to reach 378 million TEU in 2015. However, Lee said that the total container throughput in Asia Pacific is likely to decline approximately eight to 12 percent in 2009 due to the economic crisis. "Intervention by governments in Asia Pacific and increased consumers' confidence are likely to cushion the impact," he added. Lee also said that the increased focus to tackle terrorism after the September 11 attack led to new initiatives to prevent the threat before it happens
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”, undertaken on behalf of the Hong Kong Transport and Housing Bureau. The study aims to plot a development roadmap and strategy that will enable Hong Kong to remain a successful IMC in an increasingly competitive region. BMT explains that it conducted the IMC study utilising extensive industry
TT Club, the transport and logistics industry's provider of insurance and related risk management services has appointed Colin Lewin as Chief Operating Officer, effective October 1, 2002. Lewin, currently Asia Pacific regional manager for TT Club, will take over the operational management of underwriting and claims in order to leave CEO Paul Neagle free to manage the strategic development of the business following its extensive planning initiative last year with Ernst and Young.
EXXONMOBIL Marine Fuels (EMMF), a world leading supplier of marine fuels, has undertaken a strategic reorganisation and strengthening of its bunkering team worldwide with effect from January 1, 2004. Dan Bryce is to leave his post as EMMF Americas General Manager to become Adviser, LNG/PGS Business Planning and Support, ExxonMobil Gas and Power Marketing, based in Houston. Meanwhile, Joe Rud, currently EMMF Manager for
Tendeka, the provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, is delighted to announce the promotions of two key personnel. Gillian King, SPE, has been appointed vice president Asia Pacific region and Derren Simpson, SPE, has been appointed vice president Middle East and North Africa. Gillian joined Tendeka as senior sales engineer in January 2007. She then progressed to regional sales manager Europe before becoming area manager for
XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter. Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group. Explaining, Lee Meyrick, Chief Underwriting Officer, Global Marine and Offshore Energy, said: “Asia is an important market for our global clients and it plays a huge part in supply chain logistics
Malaysian cruise operator Star Cruises Plc has positioned a 100-passenger vessel in Dubai in efforts to cover West Asia, company officials said. "The coverage of West Asia reinforces Star as the leading cruise line in Asia-Pacific after having ships positioned in North, East and South East Asia," Star chairman K.T. Lim said. The MegaStar Capricorn will be positioned year-round in Dubai and will make 200 calls a year at the port
Austal has announced that Michael Little has joined Austal as Regional Service Manager - Asia. Based in Singapore, Mr. Little will be responsible for Austal’s support offering in Singapore, Hong Kong and the Philippines and for developing relationships in the broader region. Mr. Little has considerable experience in the Asia-Pacific ship repair industry and direct expertise supporting US Navy operations in the region
GL Academy, the maritime training arm of classification society Germanischer Lloyd (GL) has increased the number and scope of trainings which it delivers to meet the growing needs of Asia's maritime communities. The seminars, which have focussed on a broad range of topics, have taken place in many countries around the region including: Singapore, Brunei, Malaysia, the Philippines, Thailand and India. "2013 has been a very busy year for our training teams in Asia so far
BMT Asia Pacific, a subsidiary of BMT Group Ltd, is pleased to announce the completion of The Strategic Development Plan for Hong Kong Port 2030 (HKP2030) on behalf of the Hong Kong Government. The Study is a key element in guiding local port development policy and planning investment for the future. Following an in-depth review of the containerised cargo market in Hong Kong, BMT developed a plan to enhance the competitiveness of Hong Kong’s port sector via a series of staged
With the opening of three new offices in Asia, The Palau International Ship Registry (PISR) said it is pushing ahead with a growth strategy intended to place the Palau flag among the region’s foremost ship registers. The newly opened offices in Qingdao and Dalian, China, and Tainan
The littoral combat ship USS Fort Worth (LCS 3) completed its first Cooperation Afloat Readiness And Training (CARAT) exercise with Bangladesh in the Bay of Bengal, Oct. 3. CARAT Bangladesh 2015 is a tangible representation of the continued U.S
ACE Winches hosted a delegation from SPRING Singapore to its Towie Barclay Works facility for a visit to share an overview of its products and services, including manufacturing and engineering expertise. Several delegates from the Marine and Offshore Department in SPRING Singapore were
The commander of U.S. forces in the Pacific said on Friday the United States must carry out freedom of navigation patrols throughout the Asia Pacific, but declined to say whether it planned go within 12 nautical miles of China's artificial islands in the South China Sea.
Singapore-based liner trade division of The China Navigation Company (CNC) Swire Shipping has upgraded its multipurpose liner service coverage in the Asia Pacific region. The company’s dedicated Trans-Tasman service operating between New Zealand and Australia will be enhanced to
French oilfield services provider Technip SA said it has been awarded an engineering, procurement, installation and commissioning contract by PETRONAS Carigali Sdn Bhd or PCSB for D18 Project. The project covers the procurement and installation of two 8” water
Mitsui O.S.K. Lines, Ltd. today announced that the company has been selected again as a component of the Dow Jones Sustainability Indices (DJSI) Asia Pacific for 13 consecutive years since 2003. This month, S&P Dow Jones Indices and RobecoSAM announced their selections for the DJSI after
Energy ministers from the Asia-Pacific Economic Cooperation (APEC) group will discuss climate change and business opportunities at a meeting in the Philippines next month but not the South China Sea. China claims most of the potentially energy-rich South China Sea
India and Australia have commenced the first bilateral maritime exercise, Ausindex15, in Visakhapatnam, India, strengthening defence cooperation between the countries. Building on the personal relationship of Prime Minister Modi and Prime Minister Abbott, the Minister for Defence
Press release - DP World’s flagship Jebel Ali Port has retained its leadership position by winning the Best Seaport – Middle East Award for the 21st year in a row at the Asian Freight, Logistics and Supply Chain Awards (AFLAS) 2015 in Hong Kong.
Inchcape Shipping Services (ISS) announced it has won a new hub agency contract for the Asia-Pacific with LNG energy giant, Cheniere Energy. Under the two-year contract, ISS will manage approximately 100 port calls annually for Cheniere Energy across the Asia-Pacific
Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate the ground breaking of a new jetty at RCI's facilities in Taicang, China today. RCI is a joint venture established in Taicang, Jiangsu Province, China
The inaugural bilateral maritime exercise between India and Australia, AUSINDEX15, has concluded in Visakhapatnam, India. The activity brought together ships and aircraft from both countries to strengthen defence co-operation under the Framework for Security Cooperation announced
MacGregor develops operations in China and strengthens its organisation by appointing Zhengyu Li (Frank) as Vice President, Head of China as of 1 October 2015. Mr Li drives the development of MacGregor business in the most important market in the marine industry
Despite US President Barack Obama’s warning thatthe land reclamation work in the strategically important South China Sea would affect peaceful resolution of maritime disputes in the area, China might press on, reports SCMP.